Canada's Talisman Energy Inc is reviewing its Asian oil and gas portfolio, valued at about $4 billion, which could lead to a partial or full sale, people familiar with the matter said. Talisman, Canada's No. 5 independent oil producer, has been slimming its operations and cutting debt in an effort to boost its share price to satisfy disgruntled and activist investors such as Carl Icahn.The company, which has a $10.8 billion market value, is working with Goldman Sachs on the review, the people added.Talisman and Goldman Sachs declined to comment. Sources declined to be identified as the review is confidential.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.19% or $0.02/share to $10.37. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 3409970 shares of TLM exchange hands on a given day and today's volume is recorded at 2786144.
Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 0.09% or $-0.01/share to $11.26. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2287050 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 2228481.
Source
